Ardmore Shipping Corp. (ASC) released a profit for fourth quarter that decreased from last year but beat the Street estimates.
The company's earnings came in at $5.09 million, or $0.12 per share. This compares with $26.15 million, or $0.63 per share, last year.
Excluding items, Ardmore Shipping Corp. reported adjusted earnings of $10.25 million or $0.25 per share for the period.
Analysts on average had expected the company to earn $0.21 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period fell 17.0% to $82.04 million from $98.88 million last year.
Ardmore Shipping Corp. earnings at a glance (GAAP) :
-Earnings: $5.09 Mln. vs. $26.15 Mln. last year.
-EPS: $0.12 vs. $0.63 last year.
-Revenue: $82.04 Mln vs. $98.88 Mln last year.
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